Stable multilateral trade agreements

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3 Citations (Scopus)

Abstract

We analyse multilateral tariff negotiations as a game in coalition form. In a model with three identical countries that produce and trade an homogeneous commodity, and where countries' aggregated welfare can weight differently their different components, we analyse how changes in the countries' objective affects the stability of coalitions. In other worlds, we characterize what tariff-agreements, if any, are stable (ie, lie in the core).
Original languageEnglish
Pages (from-to)161-177
JournalEconomica
Volume65
DOIs
Publication statusPublished - 1 Jan 1998

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